Walmart's stocks jumped over 4%!

11:15 19 May 2020
Walmart (WMT.US) reported its results financial results for the first quarter of fiscal 2021. Company reported adjusted EPS of $1.18 per share on revenue of $134.6 billion while analysts expected Walmart’s first-quarter adjusted EPS to decline by about 0.9% YoY to $1.12 and revenue to rise 6.9% YoY (year-over-year) to $132.5 billion.
 
Unlike other retailers, Walmart’s stores stayed open amid the coronavirus outbreak.   Walmart U.S. comp sales increased 10.0%, led by strength in food, consumables, health & wellness and some general merchandise categories. These products have been in demand amid the pandemic.

Walmart also reported a strong 74% growth in e-commerce sales. To support e-commerce sales, Walmart introduced its Express Delivery service in 100 stores in mid-April for a premium charge of $10. The facility ensures no-contact delivery within two hours of a customer placing an online order. The company plans to expand the new delivery option to 2,000 stores.

Company incurs incremental costs related to COVID-19 of nearly $900 million.
Walmart (WMT.US) stocks jumped over 4 % in pre-market after company reported strong quarterly results. Should upbeat moods prevail, resistance at $133.62 per share may come into play.Source: xStation5

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Back

Join over 1 Million investors from around the world